33,100 Shares in Sally Beauty Holdings, Inc. (NYSE:SBH) Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board bought a new stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 33,100 shares of the specialty retailer’s stock, valued at approximately $355,000.

Several other large investors have also modified their holdings of SBH. DekaBank Deutsche Girozentrale purchased a new stake in shares of Sally Beauty during the 1st quarter worth $64,000. Quest Partners LLC lifted its position in shares of Sally Beauty by 16,095.6% during the second quarter. Quest Partners LLC now owns 7,288 shares of the specialty retailer’s stock valued at $78,000 after buying an additional 7,243 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Sally Beauty in the 2nd quarter valued at about $117,000. Intech Investment Management LLC purchased a new position in shares of Sally Beauty in the 2nd quarter worth approximately $148,000. Finally, TD Asset Management Inc raised its stake in shares of Sally Beauty by 16.4% during the 2nd quarter. TD Asset Management Inc now owns 17,000 shares of the specialty retailer’s stock worth $182,000 after acquiring an additional 2,400 shares in the last quarter.

Sally Beauty Price Performance

NYSE SBH opened at $13.42 on Friday. The stock’s fifty day moving average price is $12.12 and its 200 day moving average price is $11.48. Sally Beauty Holdings, Inc. has a 1 year low of $7.21 and a 1 year high of $13.94. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.12 and a quick ratio of 0.40. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 9.13 and a beta of 1.54.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings data on Thursday, August 8th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. The firm had revenue of $942.30 million during the quarter, compared to analysts’ expectations of $931.77 million. Sally Beauty had a return on equity of 31.88% and a net margin of 3.99%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. As a group, equities research analysts forecast that Sally Beauty Holdings, Inc. will post 1.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SBH. Piper Sandler cut their price target on shares of Sally Beauty from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. DA Davidson reaffirmed a “neutral” rating and set a $12.00 target price on shares of Sally Beauty in a research report on Tuesday, August 13th. Finally, StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Sally Beauty has an average rating of “Hold” and an average target price of $11.00.

About Sally Beauty

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.